South Africa Report on the Observance of Standards and Codes : Accounting and Auditing

World Bank

World Bank, Washington, DC

关键词: ACCOUNT;    ACCOUNTABILITY;    ACCOUNTANCY;    ACCOUNTANTS;    ACCOUNTING;   

RP-ID  :  79501

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The main purpose of the South AfricaReport on the Observance of Standards and Codes, Accountingand Auditing (ROSC A&A) is to determine reforms thatwill continue to improve the quality of financial reportingin South Africa. The review, requested by the Minister ofFinance, was conducted to assess the status ofimplementation of policy recommendations in the prior 2003ROSC A&A report, assess the institutional frameworkunderpinning accounting and auditing practices in comparisonwith international standards and good practices in order toidentify any emerging issues that require strengthening,share good practices adopted in the country, and proposepolicy recommendations addressing areas that requireimprovements. Implementation of the policy recommendationswill further enhance the quality of financial reporting inthe country, a key pillar that contributes to enhancing thebusiness environment and advancement of governance andfinancial accountability in both the private and publicsector entities. The review focuses on private sector.Financial reporting in public sector is assessed underpublic expenditure and financial accountability framework.